Johannesburg – MTN will announce a new chief executive within the next two months as its current, Rob Shuter, is set to leave the group earlier than expected, said MTN on Friday.
The telecoms operator also announced that it was parking its interim dividend for the six months to the end of June to preserve cash in Covid-19 uncertainty.
The group said the Shuter, 52, who succeeded Sifiso Dabengwa in 2017, would relocate to the UK to head up the BT Group’s enterprise unit, adding that it would announce his successor within the next two months.
“The succession process for the MTN group chief executive role is on track and MTN expects to announce it in the next four to eight weeks.
“Current group chief executive Shuter will complete his fixed four-year contract in March 2021 as announced earlier this year, and this timing will enable a seamless handover to his successor,” the company said.
The company announced in March that Shuter would leave the company at the end of March next year after he completed his four-year fixed-term contract.
In a trading update released on Friday, MTN confirmed a strong first half of year, saying it was preparing to report bumper earnings during the year to the end of June.
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